Now you can purchase large size flats worth more than Rs.12 lakhs under PM Awas Yojana (PMAY). Uttar Pradesh Awas Vikas Parishad is going to conduct property fair on 3, 4, 10 and 11 June in Lucknow. Applicants will also get the benefit of credit based subsidy.
During this property fair, Bank employees will also be present where applicants will be able to get loan facility and benefit of the exemption.
According to the information, in this fair housing board will offer about 7,000 vacant flats which are located in capital city’s Awadh Vihar, Amrapali and Vrindavan Yojana. The value of the linked flat from the PM Awas Yojana is between Rs 12 lakh and Rs 60 lakh.
As per the scheme, whose monthly income is up to 50,000, they will get a subsidy of Rs. 2.50 lakh under PM Awas Yojana. Under EWS category, the income limit is fixed at Rs 3 lakh per annum and LIG is fixed at six lakh rupees annually.
Under the scheme, credit link subsidy will also be given to the big houses. 6.5 percent interest subsidy will be provided on loan upto Rs.6 lakh and 4 percent on loan upto Rs.9 lakh while 3 percent on loan upto Rs.12 lakh.
In this fair, about 12 banks will available for providing loan and the allocation will be done on the basis of the ‘first come first serve’. This fair will be held at Vrindavan Office of Housing Board on 3, 4, 10 and 11 June.
News Source: http://www.amarujala.com/lucknow/big-flat-scheme-in-pradahan-mantri-awas-yojna